Relative Strength

AmiBroker
1

i have two requirements:

  • I would like to track the ratio of two stocks as a chart as well and it corresponding 20EMA overlay in the same chart. Eg: TSLA with SPX; (TSLA/SPX value)

  • I would like to overlay Dow Jones index chart with TSLA chart in the same chart; Dow Jones index scale on left and TSLA scale on right - they shouldnt have the same scale on right - because TSLA is in 200s and DJI is in 20 thousands...

My first preference is to do the above with out coding - but if i must code to accomplish this i will....Can you pls point to the right direction?

Thanks..Satish

2

First select TSLA as active symbol then add Spread AFL to empty chart via drag & drop from Charts - Basic Charts window. Set your 2nd symbol (SPX) in Parameters of Spread AFL.
842

Next drag&drop EMA from Averages folder onto exiting Spread chart

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First add Price AFL to empty chart via drag & drop from Charts - Basic Charts window

Next drag&drop Price (foreign) from Basic Charts folder onto existing Price chart and set Symbol name in Parameters as well as set to OwnScale in parameter settings -> Style of Foreign price section there (see picture below).

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You would have to draw price axis on left side yourself via Gfx low level graphics as it is not natively available in AB.

2 Likes
3

Thank you - is there any example for using low level graphics to draw price axis on left side?

4

Quick follow up ? How to code the spread in AFL? If i want to track TSLA/SPX ; eg: Close/$SPX?

5

In the Charts pane, right click on Spread and select "Edit" to see how it's coded in AFL.